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SPAC LISTING
SpaceX accelerates IPO timeline, targets June 12 listing on NasdaqSpaceX is preparing for a major stock market debut. The rocket and satellite maker plans to list its shares on the Nasdaq exchange as early...
AI chipmaker Forge Nano to list via $1.6 billion SPAC dealForge Nano, a US-based semiconductor equipment and advanced materials company, plans to go public through a $1.6 billion blank-check deal w...
Self-driving startup Plus to go public through $1.2 billion SPAC dealThe transaction will provide the company with $300 million in gross proceeds, which it plans to use to achieve the commercial launch of its...
Shell company Vertex Tech to buy streaming platform 17Live for $676 million in landmark deal for SingaporeThe deal is the first purchase of a private company by a SPAC listed in the city-state since 2021 when the Singapore Exchange allowed SPACs...
Proposal to exempt SPACs from 'shell company' tagUnder Companies Act, every company needs to carry out business after incorporation, failing which the name of the company will be struck of...
Europe's IPO market roars back to life but where are the SPACs?SPACs became one of Wall Street's hottest investment trends last year as many retail investors stuck at home during COVID-19 lockdowns plac...
Sebi plans to come out with framework for SPACsUnder the framework, Sebi may put in place a separate set of regulations on SPAC, whereby detailed listing rules would be provided for such...
Tax costs outweigh benefits of SPAC for overseas listingAccording to tax rules, even share sales happening between two foreign entities are taxable in India if the shares belong to a company with...
Sebi plans to build a dedicated framework for SPACs in IndiaTo allow SPACs in India, Sebi has to either introduce a separate law or amend current regulations to allow listing of ‘non-operating’ or ‘i...
SPACs raise record $100 billion in IPOs so far this yearAbout 341 global SPAC IPOs have been brought to the market since the start of this year, with U.S.-listed SPACs dominating the marketplace,...
$50 billion worth of SPAC deals could come from India: Rajbikram Nayar, MD, Ontogeny Capital"If you look at the history of SPACs, they date back to the early 1990’s. So it is actually quite an old product. It’s just that up until n...
India’s ‘buoyant’ startup culture shut out of global SPAC huntThe number of SPAC deals that have taken Indian companies public on the U.S. stock exchanges remains stuck at exactly three—even as an esti...
SPACs: The devil lies in the structureSPAC IPO investors tend to be a group of very savvy hedge funds, sometimes referred to as the “SPAC Mafia”, and other large institutional i...
Asian SPAC listings face stern test as regulators consider rule changesThe trend to list through Special Purpose Acquisition Companies (SPACs) has seen such floats raise $96 billion in the United States this ye...
The rise of blank cheque companies: It's about time the government sat up and took noteSpacs are investment vehicles that raise capital from investors in an IPO to invest or acquire a target, which is generally not identified ...
LRS limit comes in way of listing plans via SPACSpecial Purpose Acquisition Companies (SPACs) are listed entities set up exclusively to acquire private companies. Post-acquisition, the pr...
The phenomenon that is SPACsFrom Flipkart to Grofers, Indian startups are looking at special purpose acqusition vehicles, or SPACs, for listing in the US, instead of t...
Renew to merge with US SPAC RMG Corp for $4.4 bn$1.2 bn new money raised from new investors; Goldman Sachs to reman single largest shareholder; ADIA, CPPIB, GIF and Wall St firm to part s...
Will you invest in IPO of a company with no history?During the year 2020, SPAC or Special Purpose Acquisition Company raised an estimated Rs 6,15,000 crore in the US. Also known as blank cheq...
Should India embrace SPAC, the new alternative to IPO around the world?IPOs are an age-old and well-established methodology for companies to get listed on the capital markets.